Capital Stage acquires German wind park

Capital Stage, the Hamburg-based solar and wind park operator, has acquired a wind park in Brandenburg, Germany, with a generation capacity of 7.5 MW.

This takes the total generation capacity of Capital Stage’s portfolio beyond the 500 MW mark, which is already equivalent to half the output of a nuclear power plant.

The wind park was sold by the family-owned business unlimited energy GmbH based in Berlin-Schönefeld, Germany, and the international power plant project manager GP JOULE headquartered in Schleswig-Holstein, Germany. The total investment volume amounts to about €18 million, with the existing project financing being retained. The acquisition is still subject to the usual conditions precedent.

The wind park acquired by Capital Stage comprises three wind turbines and is part of the Wahlsdorf-Dahme wind park in Brandenburg, Germany. The three wind turbines have a joint generation capacity of 7.5 MW and are scheduled to be connected to the grid in the first quarter of 2016 the latest.

The wind park will benefit from a guaranteed feed-in tariff of 8.69 cents/kWh up to the end of the year 2035. Capital Stage expects the park to make revenue contributions of approximately EUR 1.7 million from its first full year of operation. The acquisition of the wind park increases the solar and wind power generation capacity of Capital Stage’s complete portfolio to more than 500 MW.

The company said the acquisition demonstrates that attractive projects in the area of solar and wind energy are still being developed and available in the German market. Capital Stage will continue to systematically seize such opportunities. Already in mid-August 2015, the company announced that it had acquired another German solar park with a generation capacity of approximately 14 MW, which too was sold by the international power plant project manager GP JOULE.

The acquisition of the German wind park is part of Capital Stage’s strategy to further increase the diversification of its existing portfolio but at the same time to keep the proportion of its generation capacity that comes from German solar and wind parks at around the current level of 40 per cent.